Oil prices rise over 2% after OPEC+ delays production increase by another month
Oil futures saw strong gains Monday after the Organization of the Petroleum Exporting Countries said members would wait yet another month before beginning to unwind production cuts.
Pending home sales take unexpected leap higher in September
Signed contracts to buy existing homes in September jumped a surprising 7.4% compared with August, according to the National Association of Realtors. Analysts had been expecting about a 1% gain. These so-called pending sales were at the highest level since March and 2.6% higher than September of last year. Since pending sales are based on […]
Consumers are anxious ahead of the election. Corporate America is feeling it
Like it or not, there’s an election on Tuesday. Voters are stressed. And to at least a small degree, so are corporations.
United Airlines raises requirements to earn frequent flyer status
A United Airlines Boeing 757 departs from Los Angeles International Airport en route to New York on Sept. 19, 2024. Kevin Carter | Getty Images United Airlines customers will have to spend more to reach frequent flyer status next year, the latest move by the carrier to increase profits and give an exclusive feel to […]
Need a break from election angst? Here’s what’s worth streaming in November 2024.
There’s a ton to watch, including Apple’s ‘Bad Sisters,’ Netflix’s ‘A Man on the Inside’ and Paramount’s ‘The Agency’
Novo Nordisk’s Ozempic, Wegovy now available after shortages
Packages containing syringes of the medications Wegovy, Ozempic and Mounjaro at a shop in Mitte, Germany, July 11, 2024. Picture Alliance | Picture Alliance | Getty Images All doses of Novo Nordisk‘s highly popular weight loss injection Wegovy and diabetes drug Ozempic are now available in the U.S., according to an update on the U.S. […]
7 ways Starbucks CEO Brian Niccol plans to change the coffee chain
Brian Niccols, CEO of Starbucks, speaking with CNBC on Oct. 31st, 2024. CNBC Starbucks CEO Brian Niccol shared more details about the company’s turnaround strategy during the company’s quarterly conference call on Wednesday. For three straight quarters, Starbucks has reported declining sales. But the coffee chain is hoping that some easy tweaks to its U.S. […]
Harris and Trump command the market’s attention — but Jerome Powell may steal the spotlight
Investors are anxious about the possibility that it could take days, or even weeks, for the results of this week’s presidential and congressional races to be known. But Tuesday’s vote is hardly the only major market-moving event on the calendar.
Morgan Stanley is launching an investing index tied to sports leagues
The Morgan Stanley headquarters in New York on Dec. 27, 2023. Angus Mordant | Bloomberg | Getty Images Morgan Stanley is introducing a new portfolio for investors tied to the most prominent sports leagues. The investment bank’s wealth management division on Thursday announced the launch of what it is calling Parametric Custom Core Sports League […]
Why flights to Europe are the cheapest they’ve been in years
A tourist takes a photo as the Acropolis’ Propylaea are seen in the background, in Athens, Greece, on June 28, 2024. Elias Marcou | Reuters Flights between the U.S. and Europe have not been this cheap in three years, when many countries were just lifting Covid-19 era rules. Fares are low even for the traditionally […]
